I Sold This REIT at a 27% Loss.

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

The REIT that caused me to lose so much is none other than Lippo Malls Trust. My purchase price was $0.44 and I sold it at $0.32 on Friday. The reason why I sold was due to the dismay quarterly result. I should have sold this REIT earlier. :(

Weakening Rupiah and new 10% tax contributed to the drop

Based on my purchase price of $0.44, my yield would not be attractive. It is not that hard to find a better REIT that could produce above 6% yield moving forward. The NAV as at 31 March 2018 was $0.30. The closing price as at 4-May-2018 was $0.32. The share price is currently trading above the NAV. With all the negativity surrounding this REIT, I feel there is a chance for the share price to drop further. With that said, $0.32 seems to be a current support line. The buy volume at $0.32 was also much higher than the sell volume at $0.325 when I sold on Friday. 

Things are not all grim at Lippo Malls Trust. Trivia question: Can you guess how much bonus the previous CEO received for FY2017 when she retired in March 2017? 

 

At least a million dollar was given for the CEO post for FY2017!!!

Salary 7% and Bonus 78%? How is that even possible? 8th Wonder of the World?! Best Employee of the Century?!